For Sale
$3,495,000

3655 Old Milton PkwyAlpharetta, GA 30005

Prime Alpharetta restaurant, 9,400 sq ft, high traffic location.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional Class A, single-tenant retail property, located at 3655 Old Milton Parkway in Alpharetta, Georgia, presents a unique investment opportunity. The 9,400 square foot building, constructed in 2001 and renovated in 2007, sits on a 1.5-acre lot and boasts 75 parking spaces. Currently operating as a restaurant, this free-standing building offers a versatile floor plan with a full bar, private dining rooms, a game room, and a private side patio. The commercial kitchen is fully equipped with two ten-foot hoods, walk-in coolers, and all necessary equipment. The upper floor includes a private bar. The property is zoned C-2 and enjoys a prime corner location at the intersection of Old Milton Parkway and Brookside Parkway, benefiting from high visibility and significant daily traffic exceeding 52,000 vehicles. Situated within a mile of Avalon, a high-performing shopping center, and close to GA-400, this location offers unparalleled access to a highly affluent demographic with average household incomes exceeding $125,000 and a large daytime workforce. The asking price is $3,495,000, translating to a land value of $400 per square foot. The property's features include a soundproof ceiling, ample windows for natural light, and an oversized front patio with seating for up to fifty. The interior features painted concrete flooring in the front-of-house and quarry tile in the kitchen. This property is ideal for a variety of uses, including a restaurant, bank, or retail outlet. The existing restaurant equipment and fixtures are included in the sale.

Highlights

  • High-demand Alpharetta location ideal for bank, restaurant, eatertainment venue, retail, or medical use; potential for five smaller tenant spaces leasing at $40/SF.
  • Strong demographics: affluent surrounding neighborhoods ($125K+ average household income) and proximity to major retailers (Chipotle, McDonald's, Subway) and Georgia State University.
  • Turnkey restaurant space featuring abundant natural light, soundproof Tectum ceiling, existing bar, restrooms, and dishwashers; oversized patio seating 50+.
  • Durable flooring: painted concrete in the front-of-house and quarry tile in the kitchen.

Property Details for 3655 Old Milton Pkwy

Property type
Retail properties, Restaurants
Square Feet
9,000 SF
Class
A
Year Built/Renovated
2001/2007
Buildings
1
Stories
1
Lot Size (sq. ft)
65,340 SF
Units
1

Location Insight

City
Alpharetta
County
Fulton
State
Georgia
Latitude
34.063862854852
Longitude
-84.252754828766
3655 Old Milton Pkwy, Alpharetta, Georgia

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3655 Old Milton Pkwy
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